(Photo courtesy of iStock) “the UMass Lowell Economic Society have fun discussing the various aspects of the economy at their meetings” Nicholas Ewing Connector Staff The classic board game of Monopoly has entertained countless children over the decades. Players compete against each other to acquire property that will enable them to monopolize their real estate…
Prices rise as inflation falls
(Photo courtesy of Check City) “Visual Representation of Economic Inflation” Steven O’Hara Connector Editor In an official report published by the U.S. Department of Labor on Feb. 13, 2024 reports annual inflation rates in the United States of 3.1%. Compared to that of the previous rate of 3.4%, the U.S. economy has experienced a decrease…
Massachusetts minimum wage set to rise to $15 per hour starting in January
(Photo Courtesy of Boston.com) “A disgruntled Massachusetts resident holds a sign at the State House in favor of a rise to $15/hr.” Michael Van Arnam Connector Staff Massachusetts will be raising its minimum wage from $14.25 an hour to $15 an hour in January of 2023 according to the official website of the Commonwealth of…
Speculative viewpoint on rising gas prices
(Photo courtesy of David Schaper/NPR) Gasoline prices are near an all time record high. Sohini Nath Connector Staff In the United States, gasoline is heavily depended on by American citizens. The U.S. Energy Information Administration reports that in 2020, Americans used about 123 billion gallons of gasoline, and that was during a global pandemic when…
International factors influencing rising gas prices: An economic viewpoint on the increase
(Photo courtesy Opera News) The national average for gasoline is projected to go above $6 in the foreseeable future. Consumers have yet to be presented a transparent solution to curbing this inflation. Harrison Lee Connector Editor As recent as this past February, American gas prices have begun to skyrocket. The national average for the United…
